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One of Dubai Smart City's initiatives is the monthly Calendar App. It provides push notifications to keep users up to date on the city's latest events, with an average of 35 new events every week--from live entertainment and…

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The continuing global stock rout that took a bite out of the wealth of America’s richest overnight hit many of Asia’s top billionaires today. Ma Huateng, the chairman of China’s Internet giant Tencent Holdings who is currently Asia’s richest man, lost more than $4 billion of his fortune after shares in the Hong Kong-traded company…

Saudi Arabia has announced the creation of a new horse racing championship with prizes totaling more than $17 million, which will make it one of the sport's most lucrative events. The King Abdulaziz Horse Championship will rival the Kentucky Derby in size and attract competitors from the U.S., U.K. and Japan, the Saudi government’s General…

Snapchat owner Snap Inc. saw its shares jump more than 25% in after-hours trading on Tuesday after releasing its fourth quarter results, which beat expectations and indicated a potential turnaround after three slow quarters. Snap’s revenue rose 72% in its fourth quarter, soaring to $285.6 million in December 2017 from $165.7 million at the same…

SpaceX launched its Falcon Heavy rocket from Cape Canaveral on Tuesday, carrying its payload of a cherry Tesla Roadster into space and successfully landing its boosters. The successful launch is "great news for SpaceX," says Bill Ostrove, an aerospace analyst at Forecast International. "The company has dedicated almost seven years to its development. Integrating the…

Saudi Telecom Company has signed a tentative agreement with the Saudi government’s General Sports Authority and the country's football federation to obtain the exclusive rights to broadcast Saudi professional soccer matches over 10 years for $1.8 billion. If the deal is formalized, it would appear to transfer rights to broadcast Saudi soccer away from media…

Credit Suisse’s chief investment officer Michael Strobaek has calmed the global investment community after the U.S. stock prices went into a freefall on Monday, by saying that the recent global sell off was a healthy correction in the market. On February 5, the Dow Jones Industrial Average crashed 4.6%, the biggest corrections since 2011. The…

Some of the world's richest people -- including Warren Buffett, Mark Zuckerberg and Jeff Bezos -- lost billions apiece on Monday as stocks took an ugly nosedive. The Dow Jones Industrial Average plunged 1,175 points, or 4.6%, marking the largest one-day drop the blue-chip index has ever seen and wiping out its gains for the year. The Dow,…

https://youtu.be/LYni2aQvrhk Google bought the majority of Taiwan-based HTC's design team for $1.1 billion in an effort to boost its hardware, which includes Google Pixel phones and Google Home. The first Google Pixel was designed by HTC, and it collaborated with LG to design the Google Pixel 2. Bringing HTC's design team on board simply moves…

Saudi Aramco is reportedly in talks with Google’s parent company Alphabet Inc about partnering to build a large technology hub in Saudi Arabia, according to a recent article by The Wall Street Journal, which cited sources familiar with the matter. As part of the potential joint venture, Alphabet would help the state-owned oil giant build data…